CE-Ventures, the Sharjah-based corporate venture capital platform of Crescent Enterprises, has announced the successful exit of its equity stake in Transcorp, a UAE-based logistics and fulfilment company. The transaction marks one of the region’s most successful exits, delivering a 7.6x multiple on invested capital (MOIC).
A Strategic Sale to Create a GCC Logistics Leader
The exit was completed via a strategic sale to Elite Co, a leading regional operator backed by Green Dome Investments. The acquisition is set to create a GCC-leading logistics network, enhancing capabilities across the region.
CE-Ventures first invested in Transcorp in 2018. Over the investment period, it worked closely with Transcorp’s leadership to institutionalise governance and unlock strategic growth, transforming the company into a key player in cold-chain fulfilment, last-mile delivery, and B2B distribution.
Tushar Singhvi, Deputy CEO & Head of Investments at Crescent Enterprises, commented, “We are proud to have supported Transcorp’s transformation into a scalable, institutional-grade logistics company serving some of the region’s most dynamic sectors. This transaction exemplifies our long-term approach to building resilient, scalable businesses that contribute to the region’s competitiveness.”
A Partnership Beyond Capital
Transcorp’s leadership highlighted the supportive role of the venture platform. “CE-Ventures has been more than an investor. They’ve been a true strategic partner,” said Rodrigue Nacouzi, CEO and founder of Transcorp. “From the very early stages, they worked with us to institutionalise our systems, strengthen our banking and financial relationships, and support our commercial expansion.”
Sudarshan Pareek, Senior Vice President at CE-Ventures, added, “Our journey with Transcorp exemplifies our philosophy of backing founders who are resourceful, mission-driven, and thrive in sectors where operational excellence is the true differentiator… To build and consistently profitably scale a logistics platform in one of the toughest sectors speaks volumes about his leadership and operational acuity.”
The Next Phase of Regional Expansion
The acquisition aligns with Elite Co’s expansion strategy under Green Dome Investments, which is backed by prominent regional shareholders including Rais Hassan Saadi Group, Sharaf Group, and SISCO (Saudi Industrial Services Company).
“Transcorp’s market-leading position in cold-chain logistics and its growing network in the GCC will enhance our ability to serve diverse industries,” said Hisham Albahar, CEO of Elite Co. “This transaction also gives us an important strategic foothold in Saudi Arabia – and under Rodrigue’s continued leadership, Transcorp will be a cornerstone of Elite Co.’s regional expansion.”
About CE-Ventures
CE-Ventures is the corporate venture capital platform of Crescent Enterprises, investing globally in bold founders and transformative technologies across enterprise, logistics, fintech, healthcare, and sustainability.
About Transcorp
Transcorp International is a leading logistics powerhouse in cold chain services across the Gulf region, delivering mission-critical solutions to the FMCG and Healthcare sectors. Founded in 2013, it is renowned for its reliability and operational excellence.
About Elite Co
Elite Co is a leading regional logistics operator with operations across the GCC, providing integrated freight forwarding, contract logistics, and last-mile solutions. It is part of the GreenDome Investments portfolio.
About Crescent Enterprises
Crescent Enterprises is a multinational company based in the United Arab Emirates. Established in 2007, the business comprises a diversified group of 57 subsidiaries, affiliates, and investments across 19 countries. It is a subsidiary of Crescent Group.
Source: Zawya
